The stock market promises a unique blend of uncertainties and possibilities in 2024. It’s a pivotal moment for investors, and value stocks are taking center stage. As championed by investment gurus like Seth Klarman, value investing has become the go-to strategy for maximizing gains while minimizing risks.
This approach is about finding undervalued companies whose stocks are set for future appreciation, offering a unique blend of safety and potential growth.
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Our top picks for the best value stocks
12. Altice USA, Inc. (NYSE:ATUS)
Baupost Group’s Q3 2023 Investment: $15.6 million
Latest P/E Ratio: 5.34
Despite its recent share price drop, this telecommunications company stands out for its robust internet and voice services. The declining price has resulted in an attractive P/E ratio, marking it a top choice among the best value stocks for forward-looking investors.
11. Herbalife Ltd. (NYSE:HLF)
Baupost Group’s Q3 2023 Investment: $23 million
Latest P/E Ratio: 3.53
Herbalife, a leader in nutrition and weight management products, faced challenges in a tough economy. However, its resilience and lower P/E ratio make it a promising candidate on the list of best-value stocks, especially for those eyeing the health and wellness sector.
10. Gray Television, Inc. (NYSE:GTN)
Baupost Group’s Q3 2023 Investment: $26 million
Latest P/E Ratio: 1.83
Gray Television is a standout with its recent expansion in the media industry and low P/E ratio. The company’s strategic growth in broadcasting makes it one of the best value stocks in the media industry.
9. Garrett Motion Inc. (NASDAQ:GTX)
Baupost Group’s Q3 2023 Investment: $47 million
Latest P/E Ratio: 6.4
Garrett Motion, focusing on automotive products for both conventional and electric vehicles, is navigating a slow economy. However, its role in the evolving auto industry and attractive P/E ratio position it as a strong contender among the best value stocks.
8. Jazz Pharmaceuticals plc (NASDAQ:JAZZ)
Baupost Group’s Q3 2023 Investment: $87 million
Forward P/E Ratio: 6.23
As a biotech leader developing innovative treatments, Jazz Pharmaceuticals is a standout. Its strong ‘Buy’ rating and high target share price make it one of the best value stocks, especially in the burgeoning healthcare sector.
7. Dollar General Corporation (NYSE:DG)
Baupost Group’s Q3 2023 Investment: $98 million
Forward P/E Ratio: 14.97
Dollar General, known for budget-friendly products, stands resilient despite market challenges. This consumer defensive giant’s ability to thrive in various economic conditions marks it as one of the best value stocks in retail.
6. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)
Baupost Group’s Q3 2023 Investment: $120 million
Forward P/E Ratio: 10.08
SS&C Technologies, serving the financial and healthcare industries with its software solutions, has shown significant growth. Its expansion in wealth management products positions it as a top pick among the best value stocks in tech.
5. Clarivate Plc (NYSE:CLVT)
Baupost Group’s Q3 2023 Investment: $150 million
Forward P/E Ratio: 7.5
Clarivate stands out in the tech industry, aiding research and business analytics. Its consistent financial performance, even in tough economic conditions, makes it one of the best value stocks for tech investors looking for stability and growth.
4. CRH plc (NYSE:CRH)
Baupost Group’s Q3 2023 Investment: $183 million
Latest P/E Ratio: 12.12
CRH plc, an Irish construction materials provider, shows promise with a potential price upside. Its addition by Baupost Group highlights its status as one of the best value stocks in the construction sector.
3. Willis Towers Watson Public Limited Company (NASDAQ:WTW)
Baupost Group’s Q3 2023 Investment: $325 million
Latest P/E Ratio: 14.99
Willis Towers Watson has garnered significant investor interest as a longstanding financial services firm. Its strong foundation and growth potential make it a top pick among the best value stocks in financial services.
2. The Liberty SiriusXM Group (NASDAQ:LSXMA)
Baupost Group’s Q3 2023 Investment: $378 million
Latest P/E Ratio: 8.82
Despite mixed earnings reports, this American entertainment giant remains a strong buy. Its diverse offerings in the radio and entertainment sectors position it as one of the best value stocks in the media industry.
1. Fidelity National Information Services, Inc. (NYSE:FIS)
Baupost Group’s Q3 2023 Investment: $384 million
Latest P/E Ratio: 11.16
Fidelity National Information Services stands out as a leading fintech company with consistent earnings beats. Its robust performance in the banking sector makes it the top pick among the best value stocks, particularly for those interested in financial technology.
Read also: Understanding growth stocks and how to invest in them
